North Sea Crude-Forties bid higher, deferrals mount

* Forties bid up to dated plus 45 cents

* At least 12 October Forties cargoes delayed

* November loading programme due on Friday

LONDON, Oct 3 (Reuters) - North Sea Forties crude differentials rose for a third day this week on Wednesday, drawing support from firmer bids and a lack of offers, as well as mounting loading delays in October.

"The tighter October loading schedule has pushed the front-end of the Brent CFD curve into steep backwardation while Platts is assessing Forties at the highest premiums to the 10-25 day Brent strip since late August," said Eugene Lindell, senior crude market analyst at JBC Energy in Vienna.


* There were three bidders in the Platts window and no sellers. Total bid Oct. 20-24 Forties to dated plus 45 cents and

Morgan Stanley bid Oct. 23-26 to the same level.

Total also bid for a later, Oct 25-29 cargo at dated plus 40 cents and Trafigura was bidding the Oct. 21-24 period to dated plus 35 cents. Once again, no selling interest appeared.

* The higher bids were up 15 cents from Tuesday.

* The last known deal was done on Friday at dated minus 55 cents for the Oct. 10-12 date range.


* At least twelve of the 16 shipments of the North Sea crude loading in October have been delayed due to lower-than-expected output, according to trading sources who expected all October cargoes to be deferred eventually.


* Traders said the Forties programme for November was due out on Friday and schedules for the three other benchmark-setting crudes were expected to emerge around that time.


* Swaps were in backwardation, as follows:

8-12/10 Dec +102 15-19/10 Dec +81 22-26/10 Dec +62 29-02/11 Dec +43 5-9/11 Dec +26 12-16/11 Dec +8 DATABASE

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(Reporting by Alex Lawler; editing by Keiron Henderson)

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